Clear gains for Lowe’s

Lowe’s, number two in the American DIY retail scene, also had clear sales growth to report in the third quarter (to 1 November). Compared with the same period last year, sales rose 7.3 per cent to US $ 12.957 bn; they made a 6.2 per cent gain in like-for-like terms. In the same way as market leader Home Depot, Lowe’s has also increased its forecast for the full financial year and now expects six per cent more than last year, or five per cent more like-for-like.